ECONOMY

Mahabane, the head of Brunswick SA, asks how we are to achieve sustainable growth for those earning low incomes if we are faced with sub-optimal educational outcomes. He opines that the idea that we can close our wage gap with our present educational scenario is a wilful suspension of reality. He says that the easiest answers to greater equality lie in two key areas: economic expansion and better outcomes from public policy and institutions. We have built a redistributive capacity. Our weakness lies in the effectiveness of our execution of our current policies.

BUSINESS

FlySafair is reported to be selling tickets for flights between Cape Town and Johannesburg as well as the Port Elizabeth - Johannesburg route. The company was due to launch last year but had to sort out its

PROPERTY

Mall exclusivity: despite our Competition Commission having investigated the exclusivity clauses of lease agreements of shopping malls in 2009, another call for such an investigation has been made by the South African Real Estate Investment Trust Association. The basis for the complaint is that such clauses are said to be anti-competitive. It is conceivable that the use of such clauses may be found at to amount to abuse but I cannot see such clauses being banned altogether.

FNB says that house price growth in the former black township market is starting to slow down, like that of the former white suburbs. The average price increase of former black township houses for the 6 major metros rose by 8.8% year on year in the 2nd quarter of this year.

Seef says that buyers are scrambling for property. I really do not know what to believe any more-- unfairly possibly, I suspect that those with in the property sector, who should have the fingers on the pulse, make such statements to drum up business

PRACTICE

A complaint has been made about

CASES

Can a court set an arbitration award aside?

Our courts observe a high degree of diffidence to arbitration decisions in line with the principle of party autonomy. Hence the scope for intervention by courts, in such decisions, is limited to the circumstances set out in section 53 of the Arbitration Act: i.e. where-

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